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	Your Opportunity as an Associate in Private Wealth Management

An overview of this program’s objectives and how you can benefit

Morgan Stanley Private Wealth Management (PWM), a division of Morgan Stanley Smith Barney LLC, provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the United States, Latin America, Europe, the Middle East and Asia.

Morgan Stanley Smith Barney, a global leader in wealth management, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The firm's employees serve clients worldwide including corporations, governments, institutions and individuals, from more than 1,200 offices in 37 countries. For more information about Morgan Stanley, please visit www.morganstanley.com.

Launching a Career in Private Wealth Management

The 16-week PWM Associate Training Program takes place at Morgan Stanley's worldwide headquarters in New York. With specific emphasis on sales skills, financial acumen and firm culture, the course highlights include:

• Determining factors surrounding and defining the client's wealth including personal/family objectives, family structure, investment knowledge, sources of wealth, structure of financial holdings, and liquidity needs.
• Integrated Wealth Analysis and Structuring-estate tax planning, income tax planning, trust and insurance solutions, and stock option taxation and analytics.
  Asset Allocation and Investment Strategy- formulating strategies to meet the client's goals and objectives, and identifying appropriate asset classes and specific investments in the investor's portfolio.
• Portfolio Construction-determining implementation vehicles such as separate accounts, mutual funds, ETFs, partnerships, closed-end funds, and structured products.

Program objectives include:

• Well-rounded knowledge of the firm's platform, products and solutions
  Enhanced sales and client relationship skills
• Multiple securities industry certifications including the Series 7, 66 and 31
• Exposure to key members of Morgan Stanley and PWM
• Access to continued specialized coaching in all aspects of the Associate role  
• Completion of team and individual project work including managing a portfolio, developing a business plan, pitching to mock clients, and generating viable prospects

Career Development

Ongoing training is fostered through various educational programs sponsored by Morgan Stanley's Learning and Development team, and one-on-one support from the IR Development Team.

Is Private Wealth Management Right for You?
Successful Associate Advisors typically possess the following characteristics:

• You are entrepreneurial, persistent, and team-oriented.
• You have strong professional and ethical values.
• You are eager to build extensive network of prospective client relationships.
• You have an interest in the markets coupled with an ability to explain complex concepts in simple terms.

Requirements

Applicants for the PWM Associate Program must be on target to complete an MBA program by May/June 2010.

Selection Process

Candidates are encouraged to attend various Morgan Stanley PWM on-campus interview events, career fairs, and/or presentations. All applications are screened by members of PWM Management.

• The first interview is led by a PWM Investment Representative and usually takes place on your business school campus
• The second round of interviews takes place in New York and is led by various Investment Representatives, and whenever possible, the Regional Manager

How to Apply

Please visit our website at: http://www.morganstanley.com/about/careers/recruiting/apply.html.
Check with your career center for specific campus application guidelines.

Deadlines

For deadline information regarding the Private Wealth Management Associate Program, please consult your school's career center.

Morgan Stanley Smith Barney is an equal opportunity employer committed to diversifying its workforce (M/F/D/V).